Tower Research Capital LLC TRC acquired a new position in F5 Networks Inc. (NASDAQ:FFIV) during the second quarter, according to its most recent 13F filing with the SEC. The fund acquired 2,552 shares of the network technology company’s stock, valued at approximately $290,000.

A number of other institutional investors have also recently bought and sold shares of FFIV. Oppenheimer & Co. Inc. increased its position in F5 Networks by 0.3% in the second quarter. Oppenheimer & Co. Inc. now owns 5,949 shares of the network technology company’s stock worth $677,000 after buying an additional 18 shares in the last quarter. Montag & Caldwell LLC increased its position in F5 Networks by 0.8% in the second quarter. Montag & Caldwell LLC now owns 4,026 shares of the network technology company’s stock worth $458,000 after buying an additional 30 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD increased its position in F5 Networks by 0.6% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 5,373 shares of the network technology company’s stock worth $611,000 after buying an additional 32 shares in the last quarter. Shell Asset Management Co. increased its position in F5 Networks by 1.6% in the second quarter. Shell Asset Management Co. now owns 4,022 shares of the network technology company’s stock worth $458,000 after buying an additional 62 shares in the last quarter. Finally, Huntington National Bank increased its position in F5 Networks by 4.8% in the second quarter. Huntington National Bank now owns 1,455 shares of the network technology company’s stock worth $166,000 after buying an additional 67 shares in the last quarter. 94.78% of the stock is currently owned by hedge funds and other institutional investors.

F5 Networks Inc. (NASDAQ:FFIV) opened at 119.34 on Thursday. The stock has a market capitalization of $7.90 billion, a PE ratio of 23.33 and a beta of 1.94. F5 Networks Inc. has a 12 month low of $86.03 and a 12 month high of $127.13. The firm has a 50-day moving average price of $122.64 and a 200 day moving average price of $112.44.

F5 Networks (NASDAQ:FFIV) last issued its quarterly earnings results on Wednesday, July 20th. The network technology company reported $1.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.79 by $0.02. The company had revenue of $496.50 million for the quarter, compared to the consensus estimate of $495.48 million. F5 Networks had a return on equity of 29.95% and a net margin of 17.96%. F5 Networks’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.67 earnings per share. Equities analysts anticipate that F5 Networks Inc. will post $7.14 earnings per share for the current year.

FFIV has been the topic of a number of research analyst reports. Credit Suisse Group AG reissued a “buy” rating on shares of F5 Networks in a report on Wednesday, June 8th. MKM Partners boosted their price target on shares of F5 Networks from $118.00 to $133.00 and gave the stock a “neutral” rating in a report on Thursday, July 21st. Oppenheimer Holdings Inc. reissued a “hold” rating on shares of F5 Networks in a report on Thursday, July 21st. BMO Capital Markets reissued a “market perform” rating and issued a $125.00 price target (up from $104.00) on shares of F5 Networks in a report on Friday, July 22nd. Finally, Robert W. Baird reissued a “neutral” rating and issued a $110.00 price target on shares of F5 Networks in a report on Thursday, June 9th. Two equities research analysts have rated the stock with a sell rating, twenty-two have given a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $116.01.

In other F5 Networks news, Director Deborah L. Bevier sold 6,229 shares of the stock in a transaction that occurred on Wednesday, July 27th. The stock was sold at an average price of $123.60, for a total transaction of $769,904.40. Following the completion of the transaction, the director now owns 5,412 shares of the company’s stock, valued at $668,923.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John Mcadam sold 7,169 shares of the stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $126.11, for a total value of $904,082.59. Following the transaction, the insider now directly owns 33,682 shares of the company’s stock, valued at approximately $4,247,637.02. The disclosure for this sale can be found here. Company insiders own 0.28% of the company’s stock.

About F5 Networks

F5 Networks, Inc is the developer and provider of application delivery services. The Company’s core technology is a full-proxy, programmable, software platform called TMOS (Traffic Management Operating System). It helps organizations seamlessly scale cloud, data center, and software-defined networking deployments to successfully deliver applications to anyone, anywhere, at any time.

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